Dustin Group AB (publ) (DUST) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Dustin Q4 presentation for 2024-2025. During the questions and answers session, participants are able to ask questions by dialing star 5 on their telephone keypad. Now I will hand the conference over to the CEO Johan Carlsen and CFO Julia Lagerquist. Please go ahead. Thank you, operator, and warm welcome to this Q4 presentation from Dustin Group. And as you heard, Julia and myself, Johan Karlsson, is here to present that to you. If we start with the summary of the Q4 numbers on slide two, As in the last quarter, sales was affected by a weak but stabilizing market with continued general cautiousness by the customers, mainly in the smaller customer groups. In the quarter, we saw some positive development in LCP, where the market, primarily in the Nordics, is stabilizing. Sales in the quarter was 5,056,000,000, representing an organic growth of 3.6%. The organic growth in the SMB segment was negative 6.3. However, this number in SMB was affected by a retroactive change in accounting treatment, and without the correction, organic growth was negative 2.2. LCP showed strength and reported an organic growth of 7.0%, mainly driven by the Nordics, where the market has been stronger. In the Benelux region, market continues to be difficult, but due to some large new contracts in Belgium, we saw growth even there. Gross profit ended at 642 million compared to last year's 644. Gross margin was at 12.7% compared to last year's 12.9%. Gross margin in the quarter is seasonally low due to high share of public sales in Q4. As market continues to be slow in the Netherlands, the margins have continued to be under pressure also in Q4. Adjusted EBITDA came in at 83 million compared to 28 million last year, with an EBITDA margin of 1.6%, compared to last year's 0.6%. And cas...